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Hello All!

Carlini here again with a report on the finances of the eUK. I am mainly going to be answering a few questions that seem to be floating around.

What are this terms goals?

Talon made it very clear to me that his aim is for the long term. He could have easily come to me and sai😛 “Carlini, I want to make my term even better, lets implement some excellent short term grants and loans that we won’t be able to sustain but will help people for my term only”. Everyone would have loved a training ground upgrade or something like that but it would have left us bankrupt and in a very dire situation if we were to be wiped. Imagine France got free of Poland and wiped us and we had no reserve? We wouldn’t be able to afford even MPPs let alone tanks to fight ourselves free! FYI – To get free of a wipe last time it cost us well over £2 mill!

Talon came to me and said can you build our reserve to £3 million by the end of the term? I ran some calculations and try to free up all of our orgs which seemed to have laid dormant for months and months. I then said, yes, it seems possible if we get lucky.

So there you have it, this terms aim is to hit 3 million in the reserve. If the next CP liked how I worked as a MoF and I do manage to get us close to that £3 mill I think it would be very possible to run some grants and loans next month using that cash in the MM (as long as the admins don’t change anything!)

Why are there no new reports?

Well basically, nothing much has happened! The plan was always to release the next one after the MM paid out its first purchase, as of yet, that has not happened. I would like to invite you all to wait with me, but more on that in a bit!

What have we spent on so far?

So far we have accepted 3 MPPs via congress. One more is about to pass so when that has we would have spent £40k on MPPs.

I got the first BEF bill today. When the public heard that Talon and Emergy were going to front the cash for the public army they were not happy. That lead to them moving this back to the government. This week the BEF cost us just over £2,000 a day. Now, we all know the BEF is on the way out, I assure you it’s replacement will have zero cost of the government.

How does the MM investment work?

Some people call it gold fishing. Basically you put up an offer on the MM to BUY gold. Currently You value your GBP at 0.003 gold. This means you are bidding to buy 1 gold for £333.33. Currently the gold is over £460 so when it cashes out we make a nice profit on the gold we do buy!

Now, we buy the gold from a bot. This bot gives you a certain percentage of the offer you have put up as long as it is in the correct band. For instance valuing your GBP at 0.003 is effectively buying for £333.33 and valuing your GBP at 0.002 is buying for £500. So when gold is between 333.33 and 500 you need to put up an offer of 0.003 (the value below what it is). Is it risky? As long as I take down all the offers if gold gets close to £333.33 then no, we can’t lose money at all. The bot buys the gold when it is about to expire. I thought this was every 7 days but as it hasn’t happened yet I think it may have changed to 10. The bot buys a percentage of what is offered. I am trying to find out the magic value that yields the highest profit. It is not as simple as you would think, last term, we had an offer up for 100k that didn't buy any gold when it expired and another at 8k where 40% of the cash become gold. So until the next wave (which includes about 10 different repeated values) comes about, I can't tell you more.

I welcome you all to wait patiently with me, check out HM Treasury now and again. If it has 1 gold and £500 then nothing has happened. If it has more than 1 gold, then it has worked (the more gold there, the better) and if it has 1 gold and about £35000 then sadly, it didn’t work. This cash would just be sitting in the reserve anyway, so I may as well give this a go! There is always the option I got to it before you managed to see it, in which case it may have worked 😃

Any Questions?

As I said above, I would like to push from some investments in the community such as Rubber or Training ground schemes but that is not the goal of the MoF this term. We are aiming to build up a large reserve. That reserve next term, as long as we do not end up in a big war, could be used to bring in some very nice looking schemes indeed and I really hope whoever is CP decides I am the person to bring that to you as I feel buying cheap gold which could easily be distributed to the community could really make everyone happy!

I am happy to answer any question at all that you have and I will do my best to explain why we are doing things the way we are if you think it should be another way round.

Thank you!

Carlini